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Name | Symbol | Market | Type |
---|---|---|---|
Porsche Automobile Holding SE (PK) | USOTC:POAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.12 | -2.90% | 4.02 | 3.94 | 4.10 | 4.045 | 4.00 | 4.01 | 93,822 | 20:05:50 |
--Volkswagen is preparing an initial public offering of its sports-car brand Porsche AG, Handelsblatt reports.
--The Porsche-Piech family is considering buying a significant portion of shares in the new Porsche through its holding company Porsche SE, which controls more than 50% of Volkswagen. To fund the deal, the family could sell part of its stake in Volkswagen, according to Handelsblatt.
--Volkswagen shares are up 6% on the news.
Full story in German: https://bit.ly/3pCQhkY
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
December 07, 2021 10:41 ET (15:41 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Porsche Automobile (PK) Chart |
1 Month Porsche Automobile (PK) Chart |
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